MIC Announces Conversion Ratio Adjustment to Convertible Senior Notes Due 2023
October 12 2017 - 5:37PM
Business Wire
- Conversion ratio increased to 8.9713
shares
- Increase reflects impact of dividends
paid on common shares
Macquarie Infrastructure Corporation (NYSE:MIC) announced an
adjustment to the conversion ratio applicable to its 2.00%
Convertible Senior Notes due 2023. The conversion ratio for the
Notes increased to 8.9713 shares of common stock per $1,000 of
principal amount. The increase is effective October 13, 2017. This
adjustment reflects the impact of dividends paid by the Company
over the prior 12 months to holders of its common stock.
About MIC
MIC owns and operates a diversified group of businesses
providing basic services to customers in the United States. Its
businesses consist of a bulk liquid terminals business,
International-Matex Tank Terminals, an airport services business,
Atlantic Aviation, entities comprising an energy services,
production and distribution segment, MIC Hawaii, and entities
comprising a Contracted Power segment. For additional information,
please visit the MIC website at www.macquarie.com/mic. MIC-G
MIC is not an authorized deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of MIC do not represent deposits or other liabilities
of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not
guarantee or otherwise provide assurance in respect of the
obligations of MIC.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171012006487/en/
MICInvestor enquiriesJay A. Davis, 212-231-1825Investor
RelationsorMedia enquiriesMelissa McNamara, 212-231-1667Corporate
Communications
Macquarie Infrastructure (NYSE:MIC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Macquarie Infrastructure (NYSE:MIC)
Historical Stock Chart
From Sep 2023 to Sep 2024